One of the world’s largest internally flawless fancy vivid pink diamonds has started its roadshow in Dubai.
The “Williamson Pink Star”, which weighs 11.15 carat, was unveiled at the Dubai Diamond Exchange (DDE) and will travel to Singapore and Taipei, before being offered by Sotheby’s at a single-lot auction in Hong Kong in October.
The extremely rare diamond is expected to fetch over $21 million (AED 77.13 million) and has the potential to set a new price per carat record given its incredible purity.
DMCC’s #Dubai Diamond Exchange hosts unveiling of one of the world’s largest flawless pink diamondshttps://t.co/iw3tCK3UcS pic.twitter.com/owcQzlorI6
— Dubai Media Office (@DXBMediaOffice) September 5, 2022
In line with its mandate to attract, facilitate and drive new trade flows through Dubai, DMCC free zone has been a driving force in establishing the emirate as a leading global hub for the diamond trade.
The DDE is the largest diamond tender facility in the world and home to over 1,150 diamond companies, providing members and industry professionals with state-of-the-art infrastructure, facilities, products, and services to grow and trade with confidence.
“Sotheby’s hosting the first unveiling of such an exceptional pink diamond at the Dubai Diamond Exchange is yet another demonstration of Dubai’s significant role in the global diamond industry,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC.
Wenhao Yu, Chairman of Jewellery and Watches at Sotheby’s Asia, added: ” The discovery of a gem-quality pink diamond of any size is an extremely rare occurrence. Driven by a limited supply and rising demand, prices for top-quality large pink diamonds over 5 carats have increased exponentially over the past decade, serendipitously setting the scene for the appearance now of this one-of-a-kind stone.”